James Olson is the founder of Financial Forensics, LLC a consulting firm specializing in forensic accounting, financial investigations, litigation support, tax consulting and accounting services. Mr. Olson retired from the IRS after more than 26 years of service. During that time, he spent more than 4 years with the Examination Division and over 22 years with the Criminal Investigation Division (CI).
Mr. Olson is a Certified Public Accountant (CPA) licensed in Nevada and Colorado. He is credential in Certified Financial Forensics through the American Institute of Certified Public Accountants (AICPA) and as a Certified Fraud Examiner (CFE) through the Association of Certified Fraud Examiners.
He started his career in the mid-1980s as a Revenue Agent in Nevada spending four years auditing tax returns. The returns included individual, partnership, corporate, excise tax and others. The issues ran the gamut from basic exemption and earned income tax credit questions to writing opinions on new and emerging issues at the largest of casinos.
Mr. Olson was selected and entered CI as a Special Agent in 1991 and remained there for over 22 years until his retirement in 2014.
Trained by the Best
After being trained at the Federal Law Enforcement Training Center He worked out of the prestigious Las Vegas Field Office for a number of years. During that time, he was privileged to be mentored by some of the best financial investigators in the world. Furthermore, he was honored to work with some of the best federal prosecutors out the US Attorney’s Office and Organized Crime Strike Force Office in Las Vegas as well as the Department of Justice's Tax, and Organized Crime Racketeering Divisions.
Tax and Fraud Investigations
He investigated and brought together for prosecution cases including criminal tax fraud (evasion, false returns, corrupt interference and conspiracy), money laundering, racketeering, witness tampering, securities fraud, bank fraud, mail fraud, conspiracy, identity theft and other criminal statutes.
He led a team responsible for dismantling and referring for successful prosecution a syndicate of numerous subjects responsible for hundreds of millions of dollars of securities
fraud, tax fraud and related worldwide money laundering. These cases involved the corrupt and fraudulent formation of publicly traded shells and subsequent pump and dump schemes during the late 1990s. These individuals provided the criminal underworld with freely traded stock to be fraudulently sold through boiler room operations and by other means.
Mr. Olson was the CI liaison in Las Vegas for the Organized Crime Strike Force and as such investigated related crimes and the laundering of funds around the world. Successful prosecutions were achieved in the Southern District of New York, the Eastern District of New York, the District of Nevada as well as other jurisdictions.
Mr. Olson has been the affiant on numerous search, seizure, and arrest warrants in many jurisdictions. He has testified in numerous court settings including trial, suppression hearings and before the grand jury. He is personally responsible for tens of millions in seized and forfeited proceeds from white-collar crimes.
Mr. Olson worked at IRS CI in WA DC as a Senior Analyst. During that time, he assisted senior management instituting procedures and administering programs to combat identity theft, and the use of tax returns to loot the US Treasury out of tens of billions of dollars.
Mr. Olson was privileged to be a Supervisory Special Agent managing different groups of special agents. His agents worked a variety of program areas including tax fraud, white-collar frauds, organized crime drug enforcement task force (OCDETF), high intensity drug trafficking area program (HIDTA) and other programs.
Education and Credentialsâ€‹
Mr. Olson has a Bachelor of Arts degree from the College of Business and Economics at Western Washington University. His degree includes concentrations in accounting and finance. He is a member of the AICPA Tax Section as well as the Forensic and Valuation Services Section.
In his free time, he enjoys raising his daughter and athletic pursuits including Cross fit. In addition, he works for his community as a volunteer firefighter with his local fire department.